Professional Documents
Culture Documents
Learning to Use
Regression
Analysis
(3.2)
(3.3)
Background:
You have been hired to determine the best location
for the next Woodys restaurant (a moderately priced,
24-hour, family restaurant chain)
Objective:
How to decide location using the six basic steps of
applied regression analysis, discussed earlier?
(3.4)
You take the data set and enter it into the computer
You then run an OLS regression (after thinking the model over one
last time!)
The resulting model is:
(3.5)